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Labour market changes: Since 2010, the number of full-time workers has risen by 2.8 per cent, but part-time working is up by 4 per cent One of the surprising things so far is how well the jobs market seems to have held up in the face of major cuts to the public sector workforce, in contrast to previous downturns.

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This is all playing out exactly as outlined on March 7 in What's Next for Italy. No Working Government for 7 Months, Then Elections in September. A tip of the hat to reader "AC" who made hung-parliament call before the February elections (see European Reader Offers Insights on Upcoming Italian Election on February 19, 2013).